The essence of trading is survival, followed by profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your principal is safe. You need to develop your own trading mindset, continuously optimize and improve it. The advice of the cryptocurrency academician may not make you rich overnight, but it can ensure that you always have a chance. Only those who survive in the cryptocurrency circle for the long term and persist until the end can achieve the results they desire. I hope you can understand.

I am a warrior who has always been protecting the "leeks" in the cryptocurrency circle. I wish my fans to achieve financial freedom in 2024. Let's work together!

Cryptocurrency Academician: Bitcoin (BTC) Latest Market Analysis Reference for July 6, 2024

With the negative impact of non-agricultural data and other major negative factors, I entered a short position at 55,500, but eventually exited with a small loss. Let's adjust our mindset. We choose high leverage and low position, which is just giving ourselves a chance to make mistakes. Only in this way can we minimize losses and maximize gains. Since there is no clear opportunity, we will continue to wait for the right moment before taking action.

You can see that the current market has stretched from 55,000 to break through 56,700. As of half past midnight before the article was published, the daily K-line reached a high near 57,500 and a low near 53,200. The decline from the highest point of 63,800 two days ago to the lowest point before the article was published has exceeded 10,000 points. According to the usual train of thought, the trend should rebound by at least 5,000 points. Drawing the golden section line, the resistance level is around 57,300. Another position to pay attention to is the trading volume near the golden section line of 0.618, which is around the 60,000 mark. Although it is far from 60,000 at the moment, the possibility of the main force clearing back and forth cannot be ruled out. Therefore, we must be vigilant and prioritize safety, as the essence of trading is survival.

The four-hour K-line has rebounded from 53,200 to near 57,000, encountering resistance in the short term. EMA15 is under pressure near 57,500, and the MACD shows reduced volume and increased capital, with DIF and DEA converging, indicating that there is still upward momentum in the short term. KDJ is spreading upwards, and the Bollinger Bands are diverging downwards, indicating that the overall trend is still bearish. Although there is short-term bullish momentum, it is not suitable to pursue a bullish strategy. Instead, we should focus on building short positions as the bullish momentum is consumed.

Short-term reference:

• Establish a short position in the range of 67,300 to 67,600, with a stop loss at 68,000. The exit target is in the range of 66,300 to 66,000. The second target is in the range of 55,000 to 54,700. If the position is broken, consider the range of 53,500.

• Establish a short position in the range of 60,200 to 60,400, with a stop loss of 400 points. The exit target is in the range of 59,000 to 58,500.

Specific operations should be based on real-time market data. For more information, please consult the author. The article is published with a delay and is recommended for reference only. All risks are at your own discretion.

This article is exclusively provided by the Cryptocurrency Academician and represents the academician's exclusive viewpoint. The viewpoints and suggestions on BTC, ETH, DOGE, DOT, FIL, EOS, etc., are based on in-depth research. Due to the timing of the article's release, the above viewpoints and suggestions are not real-time and are for reference only. All risks are at your own discretion. Reprinting should indicate the source. Please control your positions reasonably and avoid heavy or full positions. The academician also hopes that all investors understand that the market is always right. If you make a mistake, you should reflect on your own problems and not let the potential profit slip away. There is no need to be smarter than the market in investing. When the trend comes, follow it; when there is no trend, observe and wait. It's not too late to act after the trend becomes clear. Tomorrow's success comes from today's choices. Nature rewards hard work, the earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards heart. Gains and losses are all in the details. Develop the habit of strictly setting stop-loss and take-profit for each trade. The Cryptocurrency Academician wishes you a pleasant investment experience!

Friendly reminder: The content above is created by the author's public account. The advertisements at the end of the article and in the comments section are not related to the author. Please discern carefully. Thank you for reading.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。